Under the student loan forgiveness program, if you complete a certain number of years in a certain careers, you are no longer expected to repay the balance of your loan. These are some of the careers that may qualify you for student loan forgiveness:
- Certain full-time public service careers such as law enforcement and correctional officers, family and child services employees, and public defenders.
- Graduates working in legal careers can earn student loan forgiveness in addition to other loan repayment programs if they meet certain conditions.
- Doctors in need of student loan repayment help have access to various forgiveness programs.
- Special education teachers and teachers in low-income school districts or teacher-shortage areas may qualify under the Teacher Loan Forgiveness Program.
- The Nurse Corps Loan Repayment Program offers student loan repayment to Registered Nurses, Nurse Practitioners and Health Professional Shortage Area (HPSA) facility nurses who have completed a 2-year service commitment.
- Several volunteer organizations offer student loan forgiveness after completion of their specified term of service.
- Federal agencies may offer student loan repayment assistance if they are finding it difficult to find qualified employees to fill open positions. Recipients of the loan forgiveness must sign a contract agreeing to work for the federal agency for a minimum of three years.
Before giving up on pursuing a career of your dreams only because the program is too expensive take time to check whether it qualifies you for student loan forgiveness. Getting a free or almost free education to study something you love would be a win-win situation for you.
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